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RSI signals: big rally ahead
Many seem to think that the current high RSI is unsustainable, however they forget that in a short period of high RSI one may miss out on a lot of gains.
In fact, every time RSI broke 82 in Bitcoin's recent history, a rally always followed that took us at least an additional 43% higher within a matter of weeks.
Those rallies took us to temporary tops after which corrections followed, but only once that correction took us lower than the start of the respective rally. (This was only the case for the correction for December 2013's top.) So despite that it might feel counterintuitive given the rally we already just witnessed, the current moment seems one to go long.
In fact, every time RSI broke 82 in Bitcoin's recent history, a rally always followed that took us at least an additional 43% higher within a matter of weeks.
Those rallies took us to temporary tops after which corrections followed, but only once that correction took us lower than the start of the respective rally. (This was only the case for the correction for December 2013's top.) So despite that it might feel counterintuitive given the rally we already just witnessed, the current moment seems one to go long.
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